CVS Health Set to Split Pharmacy From Insurance, PBM Businesses -- Market Talk
Dow Jones2026/11/03 23:281828 ET - CVS Health is splitting its retail pharmacies from its insurance and pharmacy-benefit businesses, undoing the company's nearly-$70 billion acquisition of insurer Aetna. The breakup into two publicly traded companies will occur in the first half of 2028. One company, still called CVS Health, will control assets such as Aetna and pharmacy-benefit manager Caremark, while the other will own CVS's mail-order pharmacy and around 9,000 retail drugstores. CVS was set to report its third-quarter results before the market opens on Wednesday. Shares of CVS were up 0.7%, at $92.00, after peaking to about $94.80 after-hours. (elias.schisgall@wsj.com)
(END) Dow Jones Newswires
November 03, 2026 18:28 ET (23:28 GMT)
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